LGT Fund Management Co Ltd. raised its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,047 shares of the network technology company’s stock after buying an additional 670 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Palo Alto Networks were worth $4,102,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Palo Alto Networks by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock worth $10,712,019,000 after buying an additional 1,541,637 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Palo Alto Networks by 41.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock worth $1,234,650,000 after buying an additional 2,134,735 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Palo Alto Networks by 16.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,902,048 shares of the network technology company’s stock worth $1,177,765,000 after buying an additional 950,765 shares during the last quarter. Nuveen LLC bought a new stake in shares of Palo Alto Networks in the 1st quarter worth approximately $810,047,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Palo Alto Networks by 5.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,422,037 shares of the network technology company’s stock worth $754,576,000 after buying an additional 219,111 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
PANW has been the topic of a number of recent analyst reports. Bank of America upgraded Palo Alto Networks from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Tuesday, August 19th. BMO Capital Markets raised their target price on Palo Alto Networks from $217.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Jefferies Financial Group set a $235.00 target price on Palo Alto Networks in a research note on Tuesday, July 29th. Guggenheim raised their target price on Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating in a research note on Tuesday, August 19th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $232.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $214.64.
Insiders Place Their Bets
In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the completion of the sale, the chief executive officer owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. This trade represents a 75.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction on Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the sale, the executive vice president directly owned 3,143,516 shares of the company’s stock, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,315,130 shares of company stock worth $259,351,606. 2.50% of the stock is owned by corporate insiders.
Palo Alto Networks Trading Down 1.0%
Shares of NASDAQ:PANW opened at $207.19 on Friday. The stock has a fifty day simple moving average of $190.20 and a two-hundred day simple moving average of $188.20. The stock has a market capitalization of $138.59 billion, a price-to-earnings ratio of 129.09, a PEG ratio of 4.98 and a beta of 0.98. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $212.10.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.
Palo Alto Networks Company Profile
Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.
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